Wall Street analysts expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) to report $876.67 million in sales for the current quarter, according to Zacks Investment Research. Seventeen analysts have made estimates for Take-Two Interactive Software’s earnings. The highest sales estimate is $1.03 billion and the lowest is $833.46 million. Take-Two Interactive Software reported sales of $784.53 million in the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The firm is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Take-Two Interactive Software will report full-year sales of $3.44 billion for the current fiscal year, with estimates ranging from $3.40 billion to $3.60 billion. For the next financial year, analysts anticipate that the business will report sales of $3.97 billion, with estimates ranging from $3.48 billion to $4.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Take-Two Interactive Software.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its quarterly earnings results on Monday, February 7th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.31. The company had revenue of $866.12 million during the quarter, compared to analyst estimates of $867.93 million. Take-Two Interactive Software had a net margin of 15.40% and a return on equity of 15.63%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share.
A number of equities analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Take-Two Interactive Software from $235.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, January 11th. StockNews.com assumed coverage on shares of Take-Two Interactive Software in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Bank of America assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday. They issued a “buy” rating on the stock. Wedbush lowered their price target on shares of Take-Two Interactive Software from $222.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 27th. Finally, Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a report on Tuesday, January 11th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $198.06.
NASDAQ:TTWO traded down $2.09 on Tuesday, reaching $141.31. 1,537,275 shares of the company’s stock were exchanged, compared to its average volume of 1,722,322. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.76 and a beta of 0.64. Take-Two Interactive Software has a 52 week low of $133.54 and a 52 week high of $195.82. The stock has a fifty day simple moving average of $157.91 and a 200-day simple moving average of $165.49.
Institutional investors have recently modified their holdings of the company. Voloridge Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 244.5% in the third quarter. Voloridge Investment Management LLC now owns 162,716 shares of the company’s stock worth $25,070,000 after purchasing an additional 115,490 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Take-Two Interactive Software by 24.3% in the third quarter. Crossmark Global Holdings Inc. now owns 6,708 shares of the company’s stock valued at $1,034,000 after acquiring an additional 1,310 shares in the last quarter. Donaldson Capital Management LLC bought a new stake in Take-Two Interactive Software in the third quarter valued at $3,107,000. Ardevora Asset Management LLP boosted its holdings in Take-Two Interactive Software by 3.2% in the fourth quarter. Ardevora Asset Management LLP now owns 386,845 shares of the company’s stock valued at $68,750,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in Take-Two Interactive Software by 419.3% in the third quarter. Stanley Laman Group Ltd. now owns 12,225 shares of the company’s stock valued at $1,884,000 after acquiring an additional 9,871 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.
Take-Two Interactive Software Company Profile (Get Rating)
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, Social Point, and Playdots labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content.
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